In a new report, analysts at Goldman Sachs discuss what they are calling the “productivity paradox” in the U.S. economy. Analysts see relatively weak production growth in the U.S. but believe that the number might not accurately portray the true contribution from information technology.

The Numbers

According to the report, Goldman has now reduced its working assumption for U.S. measured productivity growth to 1.5 percent. Analysts note that this “sluggish” rate is the same productivity growth rate that the U.S. economy experienced from 1973 to 1995 and is well below the long-term growth average of 2.25 percent.

A breakdown of the recent numbers shows that weakness in information technology is to blame for the current slump in productivity.

The Paradox

The so-called paradox comes from Goldman seeing no evidence that…

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